SG Americas Securities LLC Raises Stock Holdings in Fabrinet $FN

SG Americas Securities LLC lifted its stake in Fabrinet (NYSE:FN) by 57.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,256 shares of the technology company’s stock after buying an additional 4,478 shares during the quarter. SG Americas Securities LLC’s holdings in Fabrinet were worth $6,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its holdings in Fabrinet by 52.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 28,944 shares of the technology company’s stock valued at $15,095,000 after purchasing an additional 9,935 shares in the last quarter. Balboa Wealth Partners raised its position in shares of Fabrinet by 27.9% during the 1st quarter. Balboa Wealth Partners now owns 1,104 shares of the technology company’s stock valued at $576,000 after purchasing an additional 241 shares during the period. Westhampton Capital LLC purchased a new position in shares of Fabrinet during the 1st quarter valued at $216,000. Nations Financial Group Inc. IA ADV boosted its holdings in Fabrinet by 3.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 3,650 shares of the technology company’s stock worth $1,904,000 after buying an additional 126 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Fabrinet in the 4th quarter worth $229,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the sale, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

Fabrinet Price Performance

NYSE:FN opened at $527.65 on Monday. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 45.33 and a beta of 1.18. Fabrinet has a 1 year low of $272.49 and a 1 year high of $748.89. The stock’s 50 day simple moving average is $651.37 and its two-hundred day simple moving average is $562.15.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. Fabrinet’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period last year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, analysts anticipate that Fabrinet will post 12.95 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FN. Weiss Ratings raised Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research note on Tuesday, May 5th. Barclays increased their target price on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price target on Fabrinet in a report on Monday, April 20th. Finally, Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.